Portland USDA Loans

PORTLAND-VANCOUVER-HILLSBORO, OR-WA

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Portland's 73 lenders originated 337 USDA loans during 2021. The total origination value was $125,495,000, with an average USDA loan value of $372,389.

Portland USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Portland averaged 5.07% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.26% and one month ago for the week of 2022-04-15, the average rate was 4.86%.

The average rate one year ago was 3.1%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.12%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Portland USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Portland level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GUILD MORTGAGE COMPANY 32 2.57% $10,478
CALIBER HOME LOANS, INC. 21 2.66% $9,357
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 3.12% $8,164
ACADEMY MORTGAGE CORPORATION 18 3.17% $8,836
PACIFIC RESIDENTIAL MORTGAGE, LLC 15 2.94% $9,611
FINANCE OF AMERICA MORTGAGE LLC 12 2.86% $9,265
MANN FINANCIAL INC. 11 2.86% $11,693
DIRECTORS MORTGAGE, INC. 10 2.76% $8,993
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 8 3.25% $9,977
Hometown Lenders, Inc. 7 2.75% $9,804
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.66% $7,615
UNITED WHOLESALE MORTGAGE, LLC 6 2.72% $8,280
AMERICAN PACIFIC MORTGAGE CORPORATION 6 2.96% $9,375
Sierra Pacific Mortgage Company, Inc. 6 2.77% $6,926
Loan Simple, Inc. 5 3.03% $8,355
CHURCHILL MORTGAGE CORPORATION 5 2.83% $8,157
Flagstar Bank, FSB 5 2.58% $8,706
LOANDEPOT.COM, LLC 5 2.83% $9,323
LPMC, LLC 5 2.93% $6,945
NATIONS DIRECT MORTGAGE, LLC 5 2.60% $7,393
Umpqua Bank 5 2.73% $7,775
Commerce Home Mortgage, Inc. 4 2.72% $9,606
HOME POINT FINANCIAL CORPORATION 4 2.75% $7,864
CROSSCOUNTRY MORTGAGE, LLC 4 2.87% $8,704
DHI MORTGAGE COMPANY, LTD. 4 2.66% $6,822
PLAZA HOME MORTGAGE, INC. 4 2.72% $8,541
PANORAMA MORTGAGE GROUP, LLC 3 3.17% $8,502
Willamette Valley Bank 3 2.79% $8,891
CANOPY MORTGAGE, LLC 3 2.88% $9,055
MOVEMENT MORTGAGE, LLC 3 2.42% $8,744
CMG MORTGAGE, INC. 3 2.50% $11,430
AXIA FINANCIAL, LLC 3 2.79% $10,136
CHERRY CREEK MORTGAGE, LLC 3 3.04% $7,652
S1L, Inc. 3 3.25% $8,235
MID AMERICA MORTGAGE, INC. 2 2.63% $3,178
PENNYMAC LOAN SERVICES, LLC 2 2.88% $6,127
HOMEAMERICAN MORTGAGE CORPORATION 2 2.25% $4,713
LENDUS, LLC 2 2.75% $8,354
BAY EQUITY LLC 2 2.75% $8,960
SUMMIT MORTGAGE CORPORATION 2 3.06% $8,965
CORNERSTONE HOME LENDING, INC. 2 2.94% $6,150
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.50% $9,234
U.S. Bank 1 2.75% $7,351
Nations Lending Corporation 1 2.50% $6,848
NEWREZ LLC 1 2.99% $7,044
AMERICAN FINANCING CORPORATION 1 2.63% $0
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $10,001
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $8,108
RANLIFE, INC. 1 3.75% $8,352
SECURITYNATIONAL MORTGAGE COMPANY 1 2.63% $7,093
AMERICAN FINANCIAL RESOURCES, INC. 1 3.38% $9,397
SOUTHWEST FUNDING, LP 1 3.25% $9,317
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.13% $8,821
Summit Mortgage Corporation 1 2.37% $11,313
Citizens Bank 1 2.50% $7,484
EAGLE HOME MORTGAGE, LLC 1 3.00% $8,081
Equity Prime Mortgage LLC 1 2.25% $0
Evolve Bank & Trust 1 2.75% $5,290
Century Mortgage Company DBA Century Lending Company 1 2.75% $6,458
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $7,541
First Guaranty Mortgage Corporation 1 2.25% $5,998
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $8,295
Gateway First Bank 1 2.50% $4,600
GENEVA FINANCIAL, LLC 1 2.75% $9,394
GUARANTEED RATE, INC. 1 2.88% $11,982
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.38% $10,134
BROKER SOLUTIONS, INC. 1 2.75% $7,402
HOME MORTGAGE ALLIANCE, LLC 1 3.25% $5,990
HomeStreet Bank 1 3.13% $6,342
INROADS 1 2.88% $9,919
Bank of England 1 3.13% $10,398
AMERICAN FINANCIAL NETWORK, INC. 1 2.38% $16,117
MICHIGAN MUTUAL, INC. 1 3.63% $9,780

The top Portland USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 32 USDA loans originated. Their average total fees are $10,478, which is $1,121 higher than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee Portland USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,164), ACADEMY MORTGAGE CORPORATION ($8,836), DIRECTORS MORTGAGE, INC. ($8,993), FINANCE OF AMERICA MORTGAGE LLC ($9,265) and CALIBER HOME LOANS, INC. ($9,357).

The lowest rate Portland USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (2.57%), CALIBER HOME LOANS, INC. (2.66%), DIRECTORS MORTGAGE, INC. (2.76%), MANN FINANCIAL INC. (2.86%) and FINANCE OF AMERICA MORTGAGE LLC (2.86%).